1. is a special form of marital property co-ownership that is found only in common-law states, like TX. a. Tenancy by the beneficiary b. Tenancy in common c. Grantor property d. Tenancy by the entirety c. Community property 2. A written and legally enforceable document expressing how a person's property should be distributed on his or her death is known as a(n) : a. will. b. memorandum. c. letter of last instructions. d. ethical paper. e. power of attorney. 3. The premiums for homeowner's insurance policies are affected by the type of structure and its location. a. True b. False 4. People planning means anticipating the needs of loved ones and providing enough financial resources to ensure a continuation of their way of life. a. True b. False 5. A higher home insurance cost may result from: a. the lack of a swimming pool at the insured's residence. b. fewer insurance claims from the area of the insured's residence. c. a low crime rate in the area of the insured's residence. d. fewer captive agents hired by the insurance company. e. a low credit score of the insured